State still must borrow judiciously

11:39 AM,
Mar. 26, 2014

Written by

The Sun Herald
Biloxi

State Treasurer Lynn Fitch says her recently released "Debt Affordability Study" is "a critical tool" to help policymakers assess Mississippi's debt. It could also be called a warning.

According to Fitch, Mississippi could borrow nearly $2 billion over the next five years and state revenue might increase enough to cover the cost. But just because the state could borrow so much money does not mean it should. And though we hope her revenue predictions are correct, they are just forecasts.

The study includes that Fitch Rating Services revised its outlook for Mississippi from stable to ...